Our Construction Project - Our Financial Situation

Hello,

don't be surprised - I am the thread creator, but when I created the discussion with my account I couldn't access the forum and registered again. Now it's the exact opposite on my phone...

But these are the only benefits from my employer For comparison: my wife earns more despite working fewer hours.

p
Monthly public transport ticket from the employer, free groceries, dog allowed in the office...

where do you work?!

Me, employer?
No, I would also like to know that...
that partly explains the very high equity capital.

So my employer is definitely willing to provide us with a good working atmosphere, which also includes our job tickets, paid overtime, drinks, office fruit, he brings cake, etc. He also gave me my phone as a gift. However, my regular salary is rather low (just under 1,900 euros net after deducting company pension contributions). The equity capital is partly due to this, my wife's company is also very accommodating, plus we don't pay rent and are generally economical without being stingy.

It is always good to know your Schufa report and to know whether the bank places value on the Schufa report. We did not give this any thought at all. Especially since we have never incurred any debts. We have a very good income and had a high equity capital (40% of the total costs). My husband is a civil servant. We received a good loan offer through a loan broker, which we then accepted. All documents were submitted to the bank. After about 2 weeks, we received feedback that we would not get the loan because my husband's Schufa report was too poor. At first, we did not know what was happening to us. Even today, we do not know why my husband's Schufa report is so poor. We suspect that it is due to his work-related moves (3 registered in the Schufa). In the end, we took out a loan at the Sparkasse in the town. Unfortunately, due to the interim interest rate increases last year, at worse conditions. If we had known our Schufa report back then, we would have chosen a different bank immediately.

Thank you for the information. That could happen to us as well, since we moved into our house in 2011, moved for work in 2010, and only moved in together in 2009. That’s already 3 moves in 5 years. I think I’ll follow up on that, thanks!

Hello everyone,

thanks again for the lively discussion. Now finally my account is working again on all electronic devices. We have now roughly estimated some ancillary construction costs (furniture, garage, kitchen etc. we have left out) and wanted to hear if we are generally off with this. Assumption: developed, flat plot, 500 sqm, 100,000 euro land purchase price.

Notary fees €2,200
Property transfer tax €5,500
Land register €1,000
Land charge €500
Surveying €2,000
Site plans €400
Permits €1,000
Construction water €500
Construction electricity €600
Building permit €560
Sewer connection €2,200
Water connection €2,200
Electricity connection €2,200
Expert €3,000
Earthworks €10,000
Development €2,500
Inspection shafts €1,000

In total, it amounts to €37,360 from this list, partly averages - exact values, for example, I can only calculate for notary fees or the tax. Otherwise, these are points and figures that I found in the forum or discovered in my research. Is this realistic? Of course, I would plan a buffer. Since I regularly hear figures like €40,000, the result seems roughly appropriate to me.